in martha's vineyard, but it is not like the president is far from the job. wendell goler tells us about one item on the president's to do list. >> reporter: in between missing putts with golfing buddies, president obama may use some of his time on his vacation thinking about a replacement for fed chairman ben bernanke, who is leaving the most powerful economic position in the world in january. >> it is definitely one of the most important economic decisions i make in the remainder of my presidency. >> reporter: he told reporters friday that he is considering a number of qualified candidates, some experts think the short list is down to larry summers, former head of national economic council, and treasury secretary under president clinton, and janet yellin, the first woman to head the fed. >> 70, 80% of value, yellin will be the nominee. and if it would be someone else, summers, there has to be market adjustment. >> reporter: that adjustment would likely be down. but wouldn't last longs. given the fed's dual mandate, keeping inflation low and employment high, the latter should be the focus.